NJ Gov. Approves Bills To Relax Corporate Regulations

Law360, New York (April 2, 2013, 5:28 PM EDT) -- New Jersey Gov. Chris Christie on Tuesday signed into law a trio of bills designed to attract new corporations to the state and retain those currently based there by relaxing laws regarding hostile takeovers, shareholder participation and derivative lawsuits.

With Christie’s signature come sweeping changes to the state’s Shareholder’s Protection Act, its Business Corporation Act and the state law concerning derivative proceedings, changes inspired by recommendations from the American Bar Association that other states already have adopted. The New Jersey Legislature passed the three-bill package in...
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